This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting central nervous system disorders, such as antidepressants and antipsychotics. Additionally, it is employed in the production of compounds with potential analgesic and anti-inflammatory properties. Its structural features make it valuable for creating molecules with specific biological activities, contributing to advancements in medicinal chemistry and drug discovery.